The London-based contractor delivered a \u00a32.2m pre-tax profit for the year to 31 March 2025, swinging from a \u00a31.2m loss last time out.<\/p>\n
Turnover jumped just over a third to \u00a3167m as the business moved away from long, drawn-out PCSA deals towards lump-sum and design-and-build contracts that convert to site more quickly.<\/p>\n
Average operating margins improved from 0.6% but still remained tight at 1%.<\/p>\n
Cash at bank also climbed 38% to \u00a319m with no debt on the balance sheet.<\/p>\n
Chief executive Nick Bellamy said tighter bid discipline, leaner overheads and a record secured pipeline had set the group up for another strong year.<\/p>\n
\u201cThe markets, in our experience, have moved away from the PCSA contracts and moved to more fixed price lump sum and fixed price design and build contracts.<\/p>\n
\u201cThis has reduced the time period from enquiry to construction in comparison to the elongated PCSA periods. This has helped bolster our revenue for the period. \u201d<\/p>\n
8build\u2019s growth was also powered by a surge in its aviation business. The contractor has long worked with London City Airport but expanded this year with new wins at Heathrow and Gatwick.<\/p>\n
Bellamy said the firm expected another strong performance this year with \u00a3157m of turnover already secured for 2025\/26 and a \u00a3165m forward order book.<\/p>\n
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